In Order to Give a Price in EUR/USD, the Broker

question 272

Multiple Choice

In order to give a price in EUR/USD, the broker must:

• A) know whether the European Central Bank or the Federal Reserve is in the market before quoting
• B) be sure that the quoting bank's prices are not shared with other brokers
• C) get the price from a bank or a bid and an offer from different banks in order to make a two-way price, because the broker cannot make prices on his own
• D) make sure that the quoting banks have sufficient credit lines

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